Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.003%
Price spread now: MEXC against Phoenix+0.198%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)−0.401%−$40 · spread now +0.198%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.212% dearer against Phoenix than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5180 | 0 | get 0.0000% / 1h | 55m 16s | $67K | $110K | 15x |
| Short | MEXC XRP_USDT | 1.5210 | 0.0100 | get 0.0100% / 8h | 55m 16s | $313.3M | $916.3M | 300x |
Phoenix XRP
MEXC XRP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: +0.198% → −0.014%
- $21.17
- Slippage, 4 orders
- −$65.28
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$30.11
- Costs to cover
- 0.723%
- Break-even
- 17.0 days
Slippage from Phoenix: live order book, 28 min ago; MEXC: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 28 min ago | 6.57 bp | 35.8 bp −$36 | 94.7 bp −$947 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.33 bp | 0.3 bp $0 | 0.3 bp −$3 | 3.9 bp −$390 | 21.7 bp −$10.8K |
XRP on 51 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5191 | +0.072% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5187 | +0.046% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRPlong | 0.0000% | 1h | 1.5180 | long leg | $67K | $110K | 15x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5210 | +0.195% | $246K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.503% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5216 | +0.238% | $14.5M | $74.2M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0095% / S −0.0052% | 1h | 1.5178 | −0.016% | $783K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5219 | +0.254% | $2.8M | $15.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5220 | +0.264% | $546K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5193 | +0.086% | $10K | $370K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5202 | +0.148% | $1.0M | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5220 | +0.261% | $38.6M | $87.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5191 | +0.072% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5226 | +0.301% | $533.3M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5226 | +0.303% | $349.2M | $958.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5230 | +0.329% | $127.9M | $886.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5196 | +0.105% | $565K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5207 | +0.178% | $145K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5195 | +0.101% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5206 | +0.171% | $379.4M | $159.4M | 100x | as long as short |
| MEXC XRP_USDTshort | +0.0100% | 8h | 1.5210 | +0.198% | $313.3M | $916.3M | 300x | |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5204 | +0.155% | $105.9M | $183.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5215 | +0.231% | $269.0M | $395.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5208 | +0.184% | — | $107.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5174 | −0.042% | $4.8M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5183 | +0.021% | $660K | $113.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5194 | +0.095% | $1.1M | $35.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5181 | +0.007% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5205 | +0.167% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5207 | +0.178% | $50K | $510K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5208 | +0.184% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5217 | +0.244% | $75K | $686K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5192 | +0.077% | $817K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5221 | +0.272% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5217 | +0.244% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5211 | +0.202% | $49.7M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5223 | +0.283% | $54.4M | $32.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5195 | +0.096% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5211 | +0.206% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5215 | +0.232% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0121% | 1h | 1.5192 | +0.079% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0136% | 1h | 1.5186 | +0.039% | $17K | $79K | 7x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0144% | 1h | 1.5222 | +0.277% | $7.8M | $24.4M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5206 | +0.171% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5220 | +0.264% | $5.6M | $48.3M | 50x | as long as short |
| Hyperliquid XRP | +0.0198% | 1h | 1.5219 | +0.257% | $289.8M | $267.8M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0211% | 8h | 1.5216 | +0.237% | $1.8M | $34.6M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5204 | +0.158% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5219 | +0.257% | $23.8M | $78.0M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5207 | +0.176% | $529K | $806K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0686% | 1h | 1.5208 | +0.181% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Deribit XRP_USDC-PERPETUAL
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD